SE Asia Stocks-Indonesian shares rebound on bargain hunting, US data

Redacción de Reuters

4 MIN. DE LECTURA

HANOI, Oct 6 (Reuters) - The Indonesian stock market rose on
Monday from a three-month low, lifted by buying in large-cap
stocks amid positive global sentiment, while Vietnam gained on
inflows into property and energy shares.
The Jakarta Composite Index rose 1.03 percent as
investors picked up shares beaten on Friday by concerns that
President-elect Joko Widodo may not be able to muster enough
support in parliament to push through badly needed reforms.
The gains in Southeast Asia's third biggest stock market
also harmonised with the global markets, as
stronger-than-expected U.S. jobs data eased concerns about
global growth.
"The regional markets were lifted by positive global
sentiment, so was Indonesia," said Lanang Trihardian, an analyst
with Syailendra Capital in Jakarta.
Bank Rakyat Indonesia (Perserco) Tbk PT led the
rebound among blue-chips, the main losers last week, climbing
4.99 percent from a more than three-month low hit in the
previous session, Reuters data showed.
Indonesia's central bank governor said on Monday the bank
was prepared to carry out "measured intervention" to keep the
rupiah in a healthy range, while the finance minister said the
impact of political conditions on currency trading is
short-term.
But the policy makers' comments had little impact on the
market and only "somewhat gave some calmness" to investors in
general, analyst Lanang said.
Vietnam's benchmark VN Index advanced 0.47 percent on
Monday to 614.42, the highest in more than two weeks, led by
gains in top property developer Vingroup after it said
it would buy parts of a supermarket chain.
Hanoi-based Vingroup agreed to buy 70 percent of Ocean
Retail Co, a subsidiary of the Ocean Group, it said in
a filing late last Friday, but did not disclose the deal value.
Vingroup shares rose 2 percent, while Ocean Group climbed
3.05 percent to close at the highest level in more than six
months, Reuters data showed.
Oil and gas shares also attracted funds. Petrovietnam
Drilling & Well Services Corp, a subsidiary of
state-owned Petrovietnam, gained 2 percent.
Thailand's SET Index bucked the regional trend,
falling 1.73 percent after the royal palace said King Bhumibol
Adulyadej had undergone surgery to remove his gallbladder.
The number of stocks losing ground was five times that of
the gainers on the Thai Stock Exchange, while volume nearly
halved to 13.77 billion shares, Reuters data showed.
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SOUTHEAST ASIAN STOCK MARKETS
Change at close
Market Current Prev Close Pct Move
TR SE Asia Index* 426.06 428.10 -0.48
Singapore 3253.24 3228.71 +0.76
Kuala Lumpur 1840.82 1837.68 +0.17
Bangkok 1543.13 1570.28 -1.73
Jakarta 5000.14 4949.35 +1.03
Manila 7247.03 7196.26 +0.71
Ho Chi Minh 614.42 611.55 +0.47
Change on year
Market Current End 2013 Pct Move
TR SE Asia Index* 426.06 388.37 +9.70
Singapore 3253.24 3167.43 +2.71
Kuala Lumpur 1840.82 1866.96 -1.40
Bangkok 1543.13 1298.71 +18.82
Jakarta 5000.14 4274.18 +16.98
Manila 7247.03 5889.83 +23.04
Ho Chi Minh 614.42 504.63 +21.76
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
(Reporting by Mai Nguyen in Hanoi and Fransiska Nangoy in
Jakarta; Editing by Anupama Dwivedi)